Market News

Glencore to Raise Up to $11 Billion From IPO, Terms Show

Market News

Bloomberg reported that Glencore intends to implement an IPO in London to raise up to $11 billion.

Bloomberg reported that Glencore intends to implement an IPO in London to raise up to $11 billion.

The market news is quoted as saying:

Glencore is selling the shares in the biggest IPO this year as stock markets recover and after strength in commodity prices propelled a tripling in profits at mining companies including Rio Tinto Group.

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